The Case for DEXs: Can a Layer 2 Surmount the Challenges? – Bankless Times
The Case for DEXs: Can a Layer 2 Surmount the Challenges? Blockchain based digital assets are trustless and fully decentralized, but until very recently, trading these assets required a trust-based centralized exchange. It doesn’t take a genius to understand the flaw in the plan here. Where on one side we were vouching for a decentralized financial system, on the other hand, we were still dependent on centralized institutions. To bridge this gap emerged decentralized exchanges (DEXs) with the promise of being fully trustless and decentralized. So naturally, they picked up steam and became...
Source: banklesstimes.com